Featured News

indi® Launches a Digital Debit Card to Give Users Access to Money Faster

April 13, 2022

indi today announced the launch of a digital debit card for all indi users. indi offers an easy-to-use banking app designed for the unique financial needs of gig workers. The company's mission is to empower freelancers, contractors, self-employed workers, and the companies that support them, with technologies to simplify their financial lives.

indi® launches Early Pay to give users access to paychecks sooner

 
March 15, 2022

indi announced the launch of Early Pay for all indi users. This new, free, automatic feature gives indi users access to their paychecks up to two days early.

indi is an innovative fintech startup offering gig workers, independent contracts, freelancers, and self-employed people an easy-to-use banking app designed for their unique financial needs.

Banking App for Gig Workers Announces Partnership with Steady, Providing Financial Wellness Tools to Meet Unique Needs

February 22, 2022

indi, an innovative fintech startup, offering gig workers an easy-to-use banking app designed for their unique financial needs, today announced its collaboration with Steady, the income optimization platform created for America's rapidly-growing independent workforce.

Here's what's next for indi as PNC and Jobble team on debit card and app for gig workers

Two years ago, numo LLC, the fintech subsidiary of PNC Financial Services Group Inc., introduced indi, its first product.

Now indi has teamed with gig economy marketplace Jobble to launch a new debit card addressing the accessible banking needs of independent contractors.

Jobble, based in Boston, is a five-year-old platform that connects gig economy workers with hiring companies that offer flexible work opportunities. Jobble has partnered with over 14,000 businesses and lists more than four million jobs in about 1,600 cities across the country. 

Jobble Partners with indi to Launch indi for Jobblers, a First of its Kind Banking Solution Empowering Gig Workers

November 16, 2021
 
Jobble, which supports the job search of millions of independent workers, and indi, which pioneered digital banking solutions for the gig economy, today announced the launch of a debit card to address the need for accessible banking solutions for gig workers.
 
Supported by PNC Bank and powered exclusively by the Mastercard network, indi for Jobblers is an FDIC-insured banking solution designed for independent workers’ unique financial needs, including a debit card and mobile app with tax savings and expense tracking features. Payments from Jobble to the indi for Jobblers card can be made instantly. 

PNC's fintech subsidiary numo acquires Pittsburgh startup Sentral

September 22, 2020
 
PNC’s fintech incubator numo LLC has acquired Sentral, a Pittsburgh-based startup that helps track debit network transactions in the card-linked offer (CLO) space.

Terms were not disclosed.

“Our acquisition of Sentral provides an exciting opportunity to deliver infrastructure that dramatically improves connectivity between merchants and processing networks,” David Passavant, numo CEO, said in a prepared statement on Tuesday. “We see Sentral as a platform for enabling innovation that benefits everyone in the CLO ecosystem, and we’re thrilled to bring them into numo.”

PNC fintech incubator numo acquires Sentral

September 23, 2020
 
PNC’s fintech incubator numo has acquired debit gateway technology and business firm Sentral, which helps large publishers track debit network transactions in the card-linked offer (CLO) space.

Established in 2018, Sentral collaborates with debit card networks in the US and Canada to build a single-source gateway to allow the participation of debit cards in the CLO market.

Its platform provides one point of integration for CLO programme providers to reach all debit networks efficiently and thereby, access debit transactions for participating cardholders.

PNC’s tech incubator acquired local startup to get shoppers discounts with debit card purchases

September 23, 2020

PNC’s tech incubator, Numo, announced Tuesday that it had acquired a local startup working on technology meant to help put money back in customers’ pockets as they shop.

Along the same lines of the programs that give gas points and airline miles to customers of major credit card companies, Sentral’s technology enables discounts for shoppers based on how they make certain purchases.

But this company focuses on debit card transactions. It’s also working to make the discounts more personalized.

PNC Fintech Incubator numo Acquires Sentral

September 22, 2020

PNC’s fintech incubator, numo, has acquired Sentral, a Pittsburgh-based debit gateway technology and business that helps large publishers track debit network transactions in the card-linked offer (CLO) space.  

“Our acquisition of Sentral provides an exciting opportunity to deliver infrastructure that dramatically improves connectivity between merchants and processing networks,” said David Passavant, numo CEO.  “We see Sentral as a platform for enabling innovation that benefits everyone in the CLO ecosystem, and we’re thrilled to bring them into numo.”

Attention gig economy workers: Better banking options are on the way

November 20, 2019

It’s all too easy to take for granted: As full-time employees, we know when our next paycheck will arrive and the amount it will contain — with withdrawals for taxes and other future financial events accounted for by the time the money hits our bank accounts.

But for the millions of freelancers, independent contractors and gigsters delivering things like passengers, scooters and meals, it’s often an unsolved mystery.

PNC's fintech incubator introduces product for gig workers

September 9, 2019

The first product from PNC Financial Services Group Inc.’s fintech incubator has launched and is available in beta by invitation.

East Liberty-based numo LLC said users for indi, a smart banking product for self-employed individuals, can sign up for the waitlist at goindi.com and download the app from the App Store and Google Play when they receive their access code. At present, there are less than 100 users, including some employees of numo and of PNC, numo CEO David Passavant told the Business Times. Passavant, who is among the testers, declined to disclose the size of the waitlist, but said it is larger than the number of current users.

“We’re starting small, investing in and scaling it up intelligently,” Passavant said.

PNC Bank Fintech Incubator, numo, Launches First Consumer Product

September 6, 2019

numo, PNC Bank’s fintech incubator, has launched indi, a smart banking product for self-employed individuals, contractors, freelancers and gig workers who are slated to comprise the majority of the U.S. workforce within a decade1

indi is designed to help independent workers bank smarter and be better prepared come tax time with one account that includes features such as mobile banking, autosaving for taxes and expense categorization. 

Finding “Numo.” PNC Launches Fintech inside the Bank

August 29, 2019

A recent Forbes article on PNC launching ”numo” a startup fintech within the bank caught my attention as the company has embarked on a new innovative path utilizing the strengths and speed to market of a fintech, yet the depth and knowledge of a bank.

PNC has created a startup program, numo, that functions as an internal startup, complete with a pre-negotiated equity split between PNC and numo employees, said David Passavant, numo CEO.

PNC created an internal startup to run a mobile bank account for gig economy workers

September 3, 2019

PNC created an internal startup, dubbed numo, which will initially run indi, a mobile bank account for gig economy workers, Forbes reports.

Indi has no monthly service fees or minimum balance requirements, and come with features including tax calculations, tax savings goals, and dynamic adjustments when users save ahead or fall behind. It also alerts users when quarterly taxes are due. PNC is currently testing the account with staff and has opened a waiting list. 

PNC Launches A Fintech Startup Inside The Bank

August 29, 2019

Banking incubators come in all sorts of flavors — often a program to attract outside companies and offer them mentors and perhaps some financial sponsorship for a set period working at the bank or virtually.

PNC has created a startup subsidiary company, numo, that functions as an internal startup, complete with a pre-negotiated equity split between PNC and numo employees, said David Passavant, numo CEO.

PNC Launches A Fintech Startup Inside The Bank

August 29, 2019

Banking incubators come in all sorts of flavors — often a program to attract outside companies and offer them mentors and perhaps some financial sponsorship for a set period working at the bank or virtually.

PNC has created a startup subsidiary company, numo, that functions as an internal startup, complete with a pre-negotiated equity split between PNC and numo employees, said David Passavant, numo CEO.